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EUR/GBP sideways consolidation might continue – KBC

FXStreet (Barcelona) - The KBC Bank Research Team, anticipates EUR/GBP to maintain its sideways trade between the 0.7150-0.7400 range.

Key Quotes

“Of late EUR/GBP was captured in a sideways consolidation range in the 0.7150/0.7400 area. The negative impact of the election uncertainty on sterling eased of late. The EUR/GBP shifted into a wait-and-see modus. For now, we see no trigger to break this stalemate. The uncertainty on the elections will probably prevent a sustained rebound of sterling, even in case of decent UK eco data. We see strong support in the mid 0.71/0.7150 area short-term.”

EUR/USD: sideways to bearish trade – Vladimir Mihaylov

Independent Analyst, Vladimir Mihaylov, expects EUR/USD to remain in a broad 1.0500-1.0900 range, but warns that a potential Greek exit might lead to a drop below parity.
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EUR/USD: sentiment favors the downside – FXStreet

The FXStreet Forecast Poll, highlights the near and medium term mood for EUR/USD using a FX sentiment tool, while considering the forecast from a select experts, trend calculated according to price as at 15:00 GMT Friday 17th of April.
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